888 Holdings Revenues Increase As U.S. Online Gambling Expands
The slow but steady pace at which online gambling is expanding in the U.S. is set to yield positive results for European companies like 888 Holdings who are heavily invested in the American online gambling market.
While already operating in Nevada, 888 expect to be operating shortly in New Jersey and Delaware in the coming weeks. CEO Brian Mattingley expects 2014 to be a good one in the American online gambling market,” In 2014, we should start to see some meaningful revenues come through.”
Mattingley is quick to point out that 888 are looking for the really lucrative U.S. states like California and New York to soften their internet gambling policies. Many states are desperately looking for tax revenues from gambling in order to bail themselves out of the economic downturn.
888 released a statement in which they said that group revenues were up by 2% to $94 million in the third quarter which was in line with their forecast expectations. With online growth slowing the expanding U.S. market is progressing just in time according to analyst Ivor Jones of Numis.